0001213900-13-003460 Sample Contracts

Description of the Oral Agreement

Oral Agreement • July 3rd, 2013 • China Ginseng Holdings Inc • Beverages

• Contract Type
  Oral Agreement
• Filed
  July 3rd, 2013
• Company
  China Ginseng Holdings Inc
• Industry
  Beverages

Whereas, on August 30, 2012, Meihekou Credit Union granted a loan of 8 million RMB (approximately USD $ 1,264,842 ) to Jilin Ganzhi to be used to pay off the previous 8 million RMB bank loan and to generate a new 8 million RMB bank loan;